M1 Finance Promotion For Deposit
Visit M1 Finance Website
M1 Finance Deposit Promotion
Points to remember:
• M1 Finance will pay you $75 for each friend you refer.
• Up to ten new customers can be referred under the promo for a total payout of $750.
• A minimum deposit of $10,000 is required in the new account.
Spreading the word about M1 Finance could be rewarding if you follow the rules below for this special promotion.
M1 Finance Bonus Offer Details
Here’s how this deal works: refer friends to M1 Finance and earn $75 for each friend referred who opens a brokerage account and deposits at least $10,000 within 30 days of signup. The new customer also gets $75.
The new account opened by the referred party does need to be a brokerage account. It cannot be a cash account. However, the $10,000 can be deposited into any account at M1, including a cash account. Eligible brokerage accounts that can be opened include joint, custodial, individual, trust, and retirement (Roth, Traditional, or SEP IRA).
On the referring side, there is a limit of 10 bonuses per year; so the maximum annual payout is $750. The referring customer must also have a funded M1 account.
The referred customer must be brand new to M1 Finance with no accounts ever opened before. Furthermore, the new customer must deposit at least $10,000 within 30 calendar days of creating an M1 login. The required funding must be maintained in an M1 account for at least 30 calendar days.
To participate in this deal, new and existing clients of M1 Finance must be eligible to open accounts, meaning they must be lawful U.S. residents at least 18 years of age.
Referring Friends to M1 Finance
The new customer must open their account through a special referral link. If they don’t open their new account through this link, neither they nor the referring customer will receive a cash prize. Obviously, it’s important to use this special link.
To find the referral link, log into the website and click on the advertisement in the upper-right corner promoting the special. On the next page, you’ll see a light-blue button to get the referral link. Click on this button and you’ll have the link to send to friends, family, and anyone “you know personally and who will be glad to get it,” according to M1’s rules.
On the mobile app, tap on the Invest tab in the main menu at the bottom. Next, tap on the silhouette in the upper-right corner. Find the Refer & Earn link on the next page (the link will show up only if you have a funded account). On the Refer & Earn page, you’ll find the same referral button.
Getting the Payment
Within two weeks of the new customer opening and funding an account within the parameters of the promotion, M1 Finance will deposit $75 into the payment accounts of both customers.
A payment account within the terms and conditions of this special is a taxable joint or individual brokerage account. It cannot be an IRA. If either customer doesn’t have a payment account, they won’t receive a bonus.
If you have more than one payment account, it’s possible to switch among them. Just go to the Settings page (click on the account name in the upper-left corner on the website) and select the link for referral payments in the top menu.
The cash prize must be held in the payment account for at least 90 days.
Taxation
M1’s cash bonuses are taxable in the year received and will be reported on Form 1099-MISC.
Updated on 4/1/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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